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	<title>New answer on: What Is Defined Benefit Retirement Plan?</title>

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/retirement-plans/what-is-defined-benefit-retirement-plan</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sat, 22 Jun 2013 22:16:49 +0000</pubDate>

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		<description><![CDATA[A defined benefit pension plan is an employer/sponsor pension plan which promises a specified monthly benefit on retirement based on the employee&#039;s earnings, years of service and age. The public sector uses defined benefit plans, whereas the private sector uses defined contribution plans. The investment performance can vary and cause plan deficits in protracted down years of the market. Hopefully market gains out pace market losses.
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